Financial Performance Analysis of Marga Mukti Savings and Loan Cooperative (Case Study on Karawang Education and Culture Office Cooperative)
Abstract
This study aims to analyze the financial performance of the Marga Mukti Savings and Loans Cooperative when facing taxation problems and operational sustainability. The cooperative has faced tax challenges for the past two years, and they plan to restart their operations. The chairman of the cooperative said that although the cooperative does not make deductions to its members, it still has tax obligations. This study uses a quantitative method with a descriptive approach. The data used are secondary data from the financial statements of the Marga Mukti Savings and Loans Cooperative for 2023-2024. The data collection technique used is documentation. The results of the study were carried out by calculating financial ratios, which include liquidity, solvency, and profitability ratios. The results of the study show that the cooperative has a good level of liquidity and solvency, but the profitability ratio is still poor, especially with a consistently low Return on Asset (ROA) level and this study shows that the health level of the cooperative for the past three years is in the healthy category; however, there are several indicators that show a worse level of health, even very poor, which require attention and improvement from the cooperative management to improve the overall performance of the cooperative. By using the health assessment guidelines for savings and loan cooperatives, the purpose of this study is to determine the level of cooperative health at the Republic of Indonesia Employee Cooperative (KPRI) "Marga Mukti. Interviews and cooperative financial reports are the sources of data. Capital, quality of productive assets, management, efficiency, liquidity, independence, and growth are all elements that are evaluated.
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